HDFC Bank Shares Fall 5% as Part-Time Chair of India’s Largest Private Bank Resigns over 'Ethics'

HDFC Bank shares fall 5% as part-time chair of India’s largest private bank resigns over 'ethics'

Interim part‑time chairman, Keki Mistry, said that Atanu Chakraborty, had not provided the board with any evidence or details of the alleged unethical practices.

Hdfc Bank Stock: HDFC Bank share price plunges 9% after part-time chairman Atanu Chakraborty's sudden resignation; market cap erased by Rs 1 lakh crore - The Times of India

The stock movement is in focus after HDFC Bank part-time chairman and independent director Atanu Chakraborty resigned abruptly. The Reserve Bank of India has cleared the appointment of Keki Mistry, former chief executive of HDFC, as interim part-time chairman.

HDFC Bank Chairman Quits Citing 'Ethical' Concerns, Shares Fall 7%

HDFC Bank's part-time chairman and independent director Atanu Chakraborty resigned with immediate effect on Wednesday.

Netflix’s Ted Sarandos Warns EU Regulators: YouTube Isn’t a ‘Bunch of Cat Videos,’ It’s a ‘Straightforward Direct Competitor’

Arriving in Brussels ahead of a review of Europe’s streaming regulations, Netflix co-CEO Ted Sarandos delivered a pointed message to EU policymakers, warning them in that they are overlooking one of the biggest threats to both streamers and broadcasters: YouTube.In an interview with Politico, Sarandos argued that YouTube is no longer simply a social media platform but a direct competitor for television viewing. As regulators weigh updates to t…

Ted Sarandos Claims Paramount Created Warner Bros. Regulatory Challenge Narrative That “Didn’t Exist”

Paramount “did a very nice job of creating a very loud narrative of a regulatory challenge that didn’t exist” around Netflix’s deal for Warner Bros, according to Ted Sarandos. In an interview with Politico today, the Netflix co-CEO addressed the political dynamics of the Warner Bros. Discovery (WBD) auction, which ultimately ended with Paramount paying $31 a share for the HBO studio, totaling $111B. “I can’t name a transaction that was simil…

FTC charges HDC chief for omitting subsidiaries in regulatory filings

The antitrust regulator said Tuesday it has charged Chung Mong-gyu, chairman of major construction company HDC Hyundai Development, for omitting mu...